Traders Await Nonfarm Payrolls Report, California Wildfires, Corporate and Geopolitical News
Stock market news
• Most Asian stocks were lower on Friday, tracking Wall Street futures ahead of a key jobs report that could send Treasury yields and the U.S. dollar higher. Nasdaq <NQc1> and S&P 500 futures fell 0.3% after U.S. trading was closed overnight for the funeral of former President Jimmy Carter. European stock markets looked set for a flat open.
• That reflects concerns in global bond markets. Benchmark 10-year Treasury yields are close to an eight-month peak of 4.73% and threatening a key chart level of 4.739%. Yields on 30-year notes have risen 11 basis points...